Low/No Doc Loans

This type of home or investment loan is becoming more popular. Generally geared to self-employed persons where it is not possible to provided payslips or proof of income, this loan type is now available for PAYG applicants also. In these cases the lender will accept a signed declaration that the borrower can repay he debt. The name “Low Doc” basically means low amount of documentation and as such no proof of income is required. You will also require at least 20% deposit. Lending institutions will generally charge a higher interest rate. However there are a number of lenders that are reducing the interest rate for clients with a greater asset position. This higher rate of interest generally will only last for the first two years after which it will revert to the standard variable rate of interest.

Standard Variable Loan | Basic Variable Loan | Line Of Credit Loan
Fixed Rate Loan | Construction Loan | Low Doc Loan